Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
USD/CNH closed above 7.000 for first time in 26-months
Despite attempts to stabilise the yuan, USD/CNH has reached 7.000 as policies between the Fed and PBOC continue to widen.
USD/CNH almost at 7.00 as concerns over China intensify
When China sneezes, the world usually catches a cold – and that’s precisely how the markets have reacted so far.
China’s PMI’s continue to underperform, USD/CNH bulls eye 7.00
The National Bureau of Statistics of China (NBS) released PMI data for China, and is another data set which underperforms relative to expectations.
Why trade with FOREX.com?
Tight spreads on FX – as low as 0.2 for EUR/USD (with fixed $5 commissions per 100K).
Award-winning platforms with fast and reliable execution.
Additional China stimulus helps stimulate the Aussie
Earlier today, China announced 19 additional policies to help the economy, worth $146 billion. These policies will primarily support infrastructure projects.
Could the PBOC allow USD/CNH to head for 7.000
USD/CNH enjoyed its best day since the pandemic yesterday following China’s weak data, as the PBOC seemingly want to allow their currency to slide to help support the economy.
AUD/USD: Where to next?
With poor economic data and a rate cut from China, it was almost a perfect storm for commodity currencies to sell off, particularly, AUD/USD.
WTI lower, but it has little to do with the upcoming OPEC+ meeting
With negative manufacturing data beginning in China and continuing throughout the US session, WTI Crude Oil has been trading lower, down nearly 5% on Monday.
US Yields on the move again. What does it mean for USD/JPY?
US 10-year yields and USD/JPY have a strong, positive correlation with a correlation coefficient of +0.92.
China set to reopen; Good news for the Yuan?
China is back and looking to move forward. With some help from the government, the trough in the PMI data may be behind us.
Chinese yuan, stocks and commodities slump
Just when you thought the c-word was no more a thing for the markets…
China’s service PMI gets served, base metals lower
Covid reared its ugly head again on economic data, which saw China’s service PMI contract at its fastest pace since the pandemic.
Is USD/CNH set for a multi-month rally?
If current (and expected) yield differentials are anything to go by, the yuan looks quite overvalued. Especially in the context of ongoing growth concerns and geopolitical risks.
Are China’s problems finally catching up? USD/CNH
It appears that the PBOC couldn’t keep the Yuan down any longer and may have “let it go” to take out stops below the market
US-China tensions on the rise again: Could USD/CNH be (re-)weaponized?
The two sides are nowhere near rolling back the tariffs that kickstarted the “trade war” three years ago...
Global Stock Indices slide as Delta variant, China, and Crude Oil weight on markets; USD/CAD higher
With the large selloff in global stock market indices today, traders may turn cautious on risk.
China and US CPI and PPI: Is it transitory?
This week’s CPI and PPI out of the US will give traders a better idea of where inflation is headed
European Open: With a Turn of The Screw, China Sends AUD Lower
An otherwise quiet trading session took a turn for the worse overnight, as China “indefinitely” suspended high-level economic talks with Australia.
Open an account in minutes
People’s Bank of China: a guide to China’s interest rates
The People’s Bank of China is somewhat of an enigma compared to other central banks. Find out everything you need to know about the PBOC and how its meetings influence financial markets.
BOAO Forum: Key themes to watch from the “Asian Davos”
The two most important themes to watch will be the discussion around carbon neutrality and the COVID-19 vaccine...
China: So many problems but PMIs ain’t one
Despite all the geopolitical problems, the economy is still humming along.
European Open: USD/JPY hits fresh highs, China PMI’s rise
Now on its sixth consecutive bullish session, USD/JPY rallied to a fresh high overnight and stopped just shy of 111.00.
Asian Open: PMI supportive of sentiment overnight (bar China)
PMI data was mostly supportive of sentiment overnight, with data from parts of Asia, Europe and North America beating expectations.
China Manufacturing PMI above 50, but for how much longer?
If the trend continues, the readings will soon be below 50, indicating China’s manufacturing sector will be contracting!